South African Stock Index Crosses Psychological Level of 100,000
The index has advanced about 19% this year, hitting multiple record highs and outperforming a gauge of emerging stocks. The gains have been paced by precious metal miners including Sibanye Stillwater Ltd. and Northam Platinum Holdings Ltd.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Santam gets in principle nod for Lloyd's syndicate
South African general insurer Santam has secured in principle approval from Lloyd's to set up a syndicate in London. The planned syndicate, which will carry the name Santam Syndicate 1918, signifies the year the insurer was established. The business operations are due to begin from 1 January 2026. Santam expects its gross written premium in the London market to be between £300m ($403.94m) and £400m for 2026. The initiative is pending final approval and "permission to underwrite" in the fourth quarter of 2025, while awaiting regulatory clearances in South Africa. Santam Group CEO Tavaziva Madzinga said: 'The establishment of our own London market insurance operation gives our business a solid foundation for continued international growth and diversification. It becomes an important lever in achieving our 2030 FutureFit strategic ambition. 'This is a transformational step for Santam in our 107-year history. We are very excited about our partnership with Lloyd's and the expansion opportunities into new territories and classes that the new syndicate will offer.' Santam's portfolio encompasses products including agricultural, car, engineering, guest house, liability, property, reinsurance and tourism. Lloyd's chief commercial officer and Americas CEO Dawn Miller stated: 'The African continent is undergoing significant development and represents a huge opportunity for our industry to facilitate economic progress, impact and resilience. 'We look forward to welcoming Santam as the leading property and casualty insurer in Africa as they utilise Lloyd's as a platform for international expansion by unlocking its global licences and excellent financial strength.' Lloyd's, a global insurance and reinsurance market, allows members to operate syndicates that underwrite insurance risks. Recently, credit insurer Atradius also secured in principle authorisation from Lloyd's to set up a new syndicate from 1 January 2026. "Santam gets in principle nod for Lloyd's syndicate " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News24
3 hours ago
- News24
This Cape Town ‘village' hub on reimagined land gives township entrepreneurs a chance
In the heart of Philippi Village is an entrepreneurial community hub redefining the idea of transformation. Philippi Village, an entrepreneurial and community hub in Philippi, Cape Town, offers low-income households the opportunity to become self-sufficient in the urban economy. Since its inception in 2016, the model for Philippi Village has evolved from a business support centre into a community-focused development project, adapting according to the circumstances of the community that it serves. Twelve hectares of open land and an abandoned cement structure might now be perceived as an oasis in the chaos, madness and challenges of the wider Philippi area. The project questions the role of space in the developing urban Cape Flats. Originally conceptualised to house small businesses, it acted as a 'landlord' to township-based entrepreneurs who could rent workspaces and receive guidance to launch or grow small businesses. The financial model was dependent on small businesses paying rent, which ultimately failed due to a lack of occupancy and disposable income. Although Philippi Village managed to invite external tenants such as the Desmond Tutu Foundation, it couldn't retain them due to incidents of violent crime in the area. 'People's ideas of safety are different,' says Bushra Razack, CEO of Philippi Village. 'They often have a perceived safety – where safety is armed security with a baton. How do you shift that mindset?' Klara Robertson/News24 Klara Robertson/News24 Klara Robertson/News24 The organisation decided to put up a wall to protect the investment. 'Walls mean different things to different people, but at that moment we needed perimeter safety,' Razack explains. Razack emphasises that the long-term plan of Philippi Village is to eradicate the need for the wall and use landscape design as an integrated form of security. Tearing down walls created solutions Every time Philippi Village tried to build a wall around its property, the residents of Siyangena, an informal settlement on the outskirts of the Philippi Village border, would tear it down. When the team engaged with the community to find the reason for this, the residents of Siyangena said that they broke the wall down because they had no access to toilets and used the land to relieve themselves. For Razack and her team, this was powerful information: they realised that even with the best possible intention, it was essential to understand what is important to the community. There are opportunities for the youth at Philippi Village. Klara Robertson/News24 Klara Robertson/News24 As an NGO focused on building entrepreneurial spaces in Philippi, the team was sceptical about becoming responsible for basic amenities but understood that the lack of toilets in Siyangena directly affected the village's perimeter. The Philippi team appealed to the Western Cape government to provide toilets for Siyangena, but the government claimed it didn't have jurisdiction because the land was privately owned. The solution was for the team to build the wall as a zigzag, providing space for the toilets and giving the provincial government permission to build them on their land, which occurred four years later. 'The realities of township life, though not how you want to portray Philippi, is an important part of how one has to design the space,' says Razack. 'In South Africa we have an apartheid-style approach: bring out the guns, land invasion unit. In that moment, if we don't have an alternative in place, it's the easiest, safest, most convenient way to react to it. But we are only as healthy and safe as what is happening around us.' A 'conscious contract' with the community over land The model of Philippi Village is rooted in a community-centred approach, recognising that the spatial legacy of apartheid continues to shape township design – spaces historically not built to inspire dignity, health or opportunity. When residents of Waterfront informal settlement, driven by unliveable flooding conditions, began erecting homes on the Philippi Village premises, the team responded with a collaborative, rather than confrontational, approach. The settlement, situated on city-owned land and lacking basic services like sanitation and electricity, becomes inundated with sewage during the rainy season. In response, the Philippi Village team formed what they refer to as a 'conscious contract' with the Waterfront community. They agreed to prioritise Waterfront residents on their job seekers database in exchange for cooperation in managing the land occupation challenge. This mutual agreement laid the foundation for a unique partnership. Klara Robertson/News24 Seeing a tangible benefit, the community identified 40 individuals who were not originally from Waterfront but had joined the occupation. Simphiwe Nikani, the general manager at Philippi Village, converted unused shipping containers – typically reserved for tenants – into emergency housing overnight. The community agreed to use these emergency units exclusively during the rainy season. Remarkably, they also committed to taking down their own structures and vacating the space once the agreement's terms were met. 'I've never seen another example in South Africa where there is a land occupation that is illegal, and people willingly take their structures down, fulfill their side of the lease agreement, and exit,' remarks Razack. 'It comes from that relationship-building, seeing what's important. At that moment, employment was more important than temporary housing.' A developing model of sustainable development Razack explains that the journey of the Philippi Village project is far from perfect and still has a way to go. But its community-rooted, flexible approach offers vital insights into how urban spaces in low-income areas can be developed with the people they serve, not just around them. Razack ascertains that the organisation is operating in a place of complexity. 'We are not setting up the village in a place where every day is a little bit easier,' she says. Philippi Village hopes to remove its walls entirely and rely on design – not deterrence – for security. Until then, it remains a living example of how land, relationships and trust can form the foundation for a new kind of city building.
Yahoo
4 hours ago
- Yahoo
Airtel Africa First Quarter 2026 Earnings: EPS: US$0.034 (vs US$0.002 in 1Q 2025)
Airtel Africa (LON:AAF) First Quarter 2026 Results Key Financial Results Revenue: US$1.42b (up 22% from 1Q 2025). Net income: US$126.0m (up by US$119.0m from 1Q 2025). Profit margin: 8.9% (up from 0.6% in 1Q 2025). The increase in margin was driven by higher revenue. EPS: US$0.034 (up from US$0.002 in 1Q 2025). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Airtel Africa Earnings Insights Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Wireless Telecom industry in Europe. Performance of the market in the United Kingdom. The company's shares are up 4.3% from a week ago. Risk Analysis Be aware that Airtel Africa is showing 2 warning signs in our investment analysis and 1 of those makes us a bit uncomfortable... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
